MQ Market Updates

MQ Market Updates - 16 April 2024

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Publish date: Tue, 16 Apr 2024, 05:10 PM

Capital A Bhd yesterday denied plans for a US$400 million private placement of its shares, while confirming that its aviations business is exploring a fundraising exercise. (NST)

Pharmaceutical company Apex Healthcare Bhd has committed to reinvest 5% of its total manufacturing revenue into the research and development (R&D) of new products moving forward. (TheEdge)

Prospects are bright for power distribution system provider HE Group Bhd (HEG) as it stands to benefit from rising foreign direct investment (FDI), given its exposure to semiconductors and data centres. (TheStar)

CTOS Data Systems Sdn Bhd says its business has not been unaffected by a recent court decision, and it continues to operate as usual. (NST)

Carlo Rino Group Bhd has filed for an initial public offering (IPO) that would raise more funds for the apparel company as part of its listing transfer to the ACE Market from the LEAP Market. (TheEdge)

Heitech Padu Bhd has secured a contract worth RM190.01 million from the Road Transport Department Malaysia (JPJ). (NST)

The increase in alumina prices by 8.0 per cent to 3,241 yuan per metric tonne (/MT) during the first quarter of 2024 (1Q24), primarily due to supply disruptions in Guinea and Australia, might have adverse implications for Press Metal Aluminium Bhd's smelting margins. (NST)

Hong Leong Investment Bank Bhd (HLIB) is positive about the outlook for SAM Engineering & Equipment (M) Bhd, as the company is considered a highly rare secular growth stock.  (NST)

Westports Holdings Bhd is all set to go green with the development of the Westports 2 (WP2) container terminal, for which it has secured a 58-year extension until 2082 as it is actively testing and evaluating the electrification of port vehicles and equipment as part of its commitment to sustainability. (TheStar)

RHB Retail Research said Notion VTec Bhd is looking to extend upside movement after staging a bullish breakout. (TheEdge)

RHB Retail Research said Cosmos Technology International Bhd has confirmed a bullish setup after breaking past a key resistance on strong volume. (TheEdge)

Alliance Bank Malaysia Bhd’s (ABMB) net profit is expected to jump by 37.3% year-on-year (y-o-y) to RM179 million for the fourth quarter ended March 31, 2024 (4QFY2024), according to AmInvestment Bank Research. (TheEdge)


Source: New Straits TimesThe Edge Markets The Star 16 April 2024 

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